REAL ESTATE NEWS & STATISTICS

 

Northern Virginia Market Stats as of September 4, 2020

Click Here for a More Detailed Explanation
of the NVAR August 2020 Statistics

 

Loudoun Market Stats as of August 2020Click for More Details to the 2nd Quarter 2020
Stats for Loudoun County

 

Washington DC Market Stats as of August 2020

 

Montgomery Maryland Market Stats as of August 2020

 

A 365 Day Difference in Homeownership

Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them:

  1. Refinance: If you already own a home, you may want to decide if you’re going to refinance. It’s one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home?
  2. Move-up or Downsize: Another option is to consider moving into a new home, putting the equity you’ve likely gained in your current house toward a down payment on a new one that better meets your needs – something that’s truly a perfect fit for your family.
  3. Become a First-Time Homebuyer: There are many financial and non-financial benefits to owning a home, and the most important thing is to first decide when the time is right for you. You have to determine that on your own, but know that now is a great time to buy if you’re considering it. Just take a look at the cost of renting vs. buying

Why 2019 Was a Great Year for Homeownership

Last year at this time, mortgage rates were 4.63% (substantially higher than they are today). If you’re one who waited for a better time to make a move, market conditions have improved significantly. Today’s low mortgage rates combined with increasing wages are making homes much more affordable than they were just one year ago, so it’s a great time to get more for your money and consider a new home.

The chart below shows how much you would save based on today’s rates, compared to what you would have paid if you purchased a house exactly one year ago, depending on how much you finance.

Bottom Line

If you’ve been waiting since last year to make your move into homeownership, or to find a house that better meets your needs, today’s low mortgage rates may be just what you need to get the process going. Let’s get together to discuss how you can benefit from the current rates.


COMMUNITY


RED Day – CREATING A LEGACY WORTH LEAVING 

RED Day is observed on the second Thursday of May by Keller Williams associates all over the world and has been celebrated as our annual day of global service since 2009. The observance defines the company’s culture and is a natural extension of its commitment to providing the highest level of professional customer service. Real estate businesses including THE SK GROUP are put on pause to give back to their local communities. RED Day, which stands for Renew, Energize and Donate, mobilizes the company’s 180,000-plus associates in 1,000 offices to select a deserving charity or organization and dedicate the entire day to serving its recipients.

Since 2010, the Keller Williams McLean/Great Falls annual RED Day food drive has consistently generated one of SHARE’s single largest annual contributions. In a typical year, SHARE helps nearly 1,500 households in-need in McLean, Great Falls, and nearby communities. This year is anything but typical, and the need is more critical than ever before.

Because the limitations of social distancing and stay-at-home orders have made a physical food drive impossible, we are going digital. We are coming directly to you, our neighbors, our friends, our clients, our business partners, and our community, asking you to help us help SHARE with a financial contribution through this Go Fund Me campaign.

Please consider a gift of any amount to help SHARE meet the greatest needs in our area. KW Cares McLean/Great Falls will MATCH the first $2500 donated.

CLICK HERE FOR DETAILS ON DONATING

SHARE, Inc. is a 501(c)(3) nonprofit corporation providing emergency assistance since 1969 to our neighbors in need in McLean and nearby areas of Northern Virginia.

KW Cares McLean/Great Falls is a 501(c)(3) nonprofit corporation, established to facilitate charitable giving by our agents, and is a natural extension of our commitment to generously give back to the community in which we live and work. Last week, $2000 was donated to LINK and Arlington Food Center, two local food banks who are also meeting urgent needs at this time. An additional $3000 has been earmarked for medical supplies at Fairfax Hospital and Arlington Hospital.

“Making a difference in the lives of others and bettering the communities we serve lies at the heart of our mission – to create a legacy worth leaving. Every year, I am proud of the extraordinary effort and care our KW family delivers on this special day and beyond.”

–  Gary Keller, co-founder, chairman, and CEO of Keller Williams.

 

paradigm-horiz-logo3

LOVE. BUILD. SERVE.

Paradigm Foundation is a faith-based non-profit launched in 2014, which strives to address the physical needs of the ultra poor – those who lack the basic necessity of shelter. Aiming to provide a safe and healthy living environment, Paradigm Foundation will provide families selected by the local church with a fully furnished home, complete witha bathroom, electricity (where possible), and clean water.

As way to share and contribute to a better world, The SK Group contributes a portion of each sale annually to furthering to this wonderful organization.